ES goes overbought, its gonna sell off again.
In other words, up then down, more whipsaw lol. WHIPSAW!
THe problem is that world markets aren't aligned, FDAX is lose to oversold, ES is close to overbought, between the two they're whipsawing the world market. Also, Asia and Europe have gone indifferent directions almost every day.
Tough market to trade. Don;t try to follow momentum because there isn;t any.